ENGlobal Wins Prime Spot on $124 Million Automated Fuels Handling Contract
June 13 2019 - 9:00AM
ENGlobal (NASDAQ: ENG), a leading provider of engineered modular
solutions, today announced that its wholly-owned subsidiary,
ENGlobal Government Services, Inc. (EGS), has won one of three
prime contractor spots on a U.S. Military $124 million Automated
Fuel Handling Equipment multiple-award, indefinite-delivery,
indefinite-quantity contract.
As part of its participation in this contract,
EGS will compete for task orders to support the Defense Logistics
Agency’s Automated Fuel Handling Program, which provides the fuel
monitoring and control systems capabilities that strengthen the
mission of all military services. These task orders will include
technology upgrades and refreshes of existing systems, new system
design and installation, and life cycle maintenance of new and
existing systems.
This contract has a five-year period of
performance, and its work will be conducted around the world. It
follows a previous five year U.S. Military contract covering
similar projects of which ENG received task orders of approximately
$52 million. Only awarded task orders are included in ENG’s
backlog.
Commenting on the new award, ENGlobal Chairman
and CEO William A. Coskey, P.E., said, “We are extremely proud to
have been selected to support our military with innovative and
cutting edge fuel handling technology. For over fifteen years,
ENGlobal has been honored to provide wide-ranging global solutions
for our Military’s fueling requirements, and through this new
selection, we look forward to providing these services for many
years to come."
ENGlobal Government Services specializes in the
turn-key installation and maintenance of automation and
instrumentation systems for the U.S. defense industry
worldwide.
About ENGlobal
ENGlobal (ENG) is a leading provider of
engineered modular solutions to the energy sector throughout the
United States and internationally. ENGlobal operates through
two business segments: Automation and Engineering. ENGlobal's
Automation segment provides services related to the design,
integration and implementation of process distributed control and
analyzer systems, advanced automated data gathering systems and
information technology. Within the Automation segment,
ENGlobal's Government Services group provides engineering, design,
installation and operation and maintenance of various government,
public sector and international facilities, and specializes in the
turnkey installation and maintenance of automation and
instrumentation systems for the U.S. Defense industry worldwide.
The Engineering segment provides multi-disciplined engineering
services relating to the development, management and execution of
projects requiring professional engineering and related project
management services. Further information about the Company and
its businesses is available at www.ENGlobal.com.
Safe Harbor for Forward-Looking Statements
The statements above regarding the Company's
expectations regarding its operations and certain other matters
discussed in this press release may constitute forward-looking
statements within the meaning of the federal securities laws and
are subject to risks and uncertainties, including the timing,
amount and scope of any awarded task order and the amount of
pending proposals and backlog. Actual results and the timing of
certain events could differ materially from those projected in or
contemplated by the forward-looking statements due to a number of
factors detailed from time to time in ENGlobal's filings with the
Securities and Exchange Commission. In addition, reference is
hereby made to cautionary statements set forth in the Company's
most recent reports on Form 10-K and 10-Q, and other SEC
filings.
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